GNFC Stock Drops 6% Amid LNG Supply Disruptions from Middle East Conflict

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GNFC Shares Plunge 6% as Middle East Conflict Disrupts LNG Supply

GNFC Shares Plunge 6% as Middle East Conflict Disrupts LNG Supply

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CNBC TV18•09-03-2026, 09:25

GNFC Shares Plunge 6% as Middle East Conflict Disrupts LNG Supply

•GNFC shares fell 6% after the company reported disrupted LNG supply due to the Middle East conflict.
•GAIL (India) Limited issued a force majeure notice to GNFC, following one received from Petronet LNG Limited.
•RLNG allocation to GNFC is restricted to 60% of the Daily Contracted Quantity from March 6, 2026.
•The reduction in gas supply will impact Neem Urea production; other products remain unaffected.
•Qatar, India's largest LNG supplier, accounts for 40% of imports, raising concerns about future disruptions.

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